The U.S. Senate approved the GENIUS Act to regulate stablecoins. Continue Reading: U.S. Senate Sets the Stage for Stablecoin Regulation with GENIUS Act Approval The post U.S. Senate Sets the Stage for Stablecoin Regulation with GENIUS Act Approval appeared first on COINTURK NEWS .
Crypto analyst Johnny has said that Ripple’s long-anticipated IPO could drive both the company and its XRP token to new heights. Key Takeaways: Crypto analyst Johnny believes a Ripple IPO could spark a major rally for XRP. XRP has traded within a symmetrical triangle since January, with analysts expecting a breakout. Despite IPO speculation, Ripple leadership says public listing isn’t planned for 2025. In a recent post on X , Johnny, who is also founder of the Wealth Group trading community, said he “would not be surprised” if Ripple hits the public markets with a “crazy high” valuation. In a follow-up post, he doubled down, predicting an “insane valuation” that would make XRP holders “win big.” XRP Charts Form Symmetrical Triangle Since January Drop Johnny pointed out that XRP has been trading within a symmetrical triangle since its January 2025 drop from $3.4. For the past five months, the token has hovered around $2, failing to break out. One notable attempt occurred in March when XRP briefly surged to $3 after Donald Trump proposed adding it to a U.S. government crypto reserve—before slipping back into its previous range. Now, with XRP nearing the tip of the triangle, Johnny and other market watchers suggest a breakout could be imminent. His chart points to an initial move above the $3 mark if the pattern resolves to the upside. “Ripple going public could be the catalyst,” Johnny noted, echoing comparisons to Circle’s IPO, which saw the USDC issuer’s valuation jump from $7 billion to over $25 billion. Balls tingling that $XRP goes public at an insane valuation and Ripple maxis win big https://t.co/vD1Ey1DGqq pic.twitter.com/GmjpvpDria — Johnny (@CryptoGodJohn) June 16, 2025 Analysts argue Ripple could follow a similar trajectory, especially with regulatory challenges largely behind it. Dennis Liu, another market analyst, called a potential IPO a watershed moment: “It could open the floodgates to serious gains for XRP.” In 2023, attorney John Deaton suggested Ripple might target a $100 billion valuation within a year of resolving its legal dispute with the SEC. Despite the speculation, Ripple executives have repeatedly stated that an IPO is not on the table this year. In April, Ripple President Monica Long told CNBC the firm “doesn’t need outside capital” and is instead focused on strategic acquisitions. Ripple recently purchased prime brokerage firm Hidden Road for $1.25 billion, following its $250 million acquisition of custody provider Metaco in 2023. CEO Brad Garlinghouse reinforced that message, stating an IPO “does not make sense just yet,” though he described it as a “natural future step.” Ripple Preparing for an IPO? Still, signs of IPO readiness remain. Ripple launched a $700 million share buyback this month at $175 per share, implying a valuation near $25 billion—more than double its $11.3 billion valuation in early 2024. The company is also actively hiring for corporate development and shareholder relations roles. On June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. The move could indicate that institutional players are looking for ways to leverage their crypto assets without liquidating them. In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury. The post Analysts Says Ripple IPO Could Trigger ‘Insane Valuation’ — What It Means for XRP Price appeared first on Cryptonews .
Crypto ATM operators in Washington’s Spokane City have been ordered to remove their kiosks within 60 days following a citywide ban. The decision was enacted following a unanimous vote during the Spokane City Council’s legislative session on June 17, making it the first city in Washington to formally ban virtual currency kiosks in response to a rise in scams targeting residents. The ordinance, titled “Virtual Currency Kiosk Prohibition for a Safer Spokane,” was introduced by Council Member Paul Dillon in collaboration with Council President Betsy Wilkerson. Officials said the measure was introduced to curb fraudulent losses tied to crypto kiosks, which have been frequently used in scams targeting vulnerable residents in low-income areas and retail locations. “This ordinance will protect vulnerable Spokane residents from scams involving virtual currency kiosks, and I am proud we are the first city in the state to move this legislation forward,” Council Member Dillion said. Under the new rules, operators have 60 days to remove existing kiosks or face civil infractions, including potential revocation of their business licenses. The Spokane Police Department will monitor compliance and report on the impact of the ban on scam-related crime rates. As of June 18, Spokane had over 40 cryptocurrency kiosks, according to data from crypto ATM tracker Coin ATM Radar. You might also like: Crypto ATM operators in Australia hit with cash limits and tougher compliance checks Detective Tim Schwering of the Spokane Police Department, who has worked closely with victims of such frauds and supports the measure, said funds sent through these kiosks typically “end up in places like China, North Korea, Russia.” Scammers were often found impersonating law enforcement or tax officials to pressure victims into converting cash into cryptocurrency, claiming it would help “protect their money” or prevent arrest. By the time the transaction is complete, “it’s already too late,” Schwering added. Spokane’s ban on crypto ATMs follows a broader trend across the U.S., where concerns over fraud and consumer exploitation have prompted both local and state governments to tighten oversight of virtual currency kiosks. According to an FBI report , nearly 11,000 complaints related to crypto ATM scams were filed in the United States in 2024, with reported losses exceeding $246 million. Most of the victims were found to be over the age of 60. In response, several states have introduced their own measures. For instance, North Dakota lawmakers are reviewing House Bill 1447, which would impose a $2,000 daily transaction cap, require fraud warnings at machines, and mandate that operators use blockchain analytics to detect suspicious activity. The bill also includes licensing and quarterly reporting requirements. Meanwhile, in March, Nebraska enacted the Controllable Electronic Record Fraud Prevention Act, which requires crypto ATM operators to be licensed, caps fees at 18%, and enforces daily transaction limits of $2,000 for new users. It also mandates full refunds for new customers who have been defrauded if a report is filed within 90 days following the incident. Read more: Texas lawmaker pushes for crypto ATMs in federal buildings
Pi Network’s PI coin supply on centralized exchanges surged by over 30% in Q2, signaling increased sell pressure amid uncertain market conditions. Trading volume for PI has plummeted by more
On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has surged into a zone that has historically signaled overpriced conditions for the asset. Bitcoin NVT Golden Cross Has Crossed Above 2.2 In a new post on X, CryptoQuant author Darkfrost has talked about the latest trend in the NVT Golden Cross of Bitcoin. The NVT Golden Cross is an indicator based on another metric known as the NVT Ratio. The NVT Ratio keeps track of the ratio between the BTC market cap and transaction volume. The idea behind the indicator is that the ability to transact coins (as gauged by the transaction volume) could be considered as a reflection of the asset’s ‘fair value.’ Related Reading: XRP Bullish Signal: Shark & Whale Wallets Set New All-Time High Thus, through the comparison of the cryptocurrency’s current value (that is, the market cap) with this fair value, the metric can tell us about whether the asset is overvalued or undervalued. When the value of the metric is high, it means the market cap is high compared to the transaction volume. Such a trend could imply BTC may be becoming overheated. On the other hand, the indicator being low could suggest room for the coin to grow relative to its volume. Now, the NVT Golden Cross, the actual metric of relevance here, is a signaling indicator like the Bollinger bands for the NVT Ratio that aims to locate tops and bottoms in its value. The NVT Golden Cross does so by comparing the short-term trend (represented by the 10-day MA) with the long-term one (30-day MA). Below is the chart shared by the analyst that shows the trend in the metric over the last couple of years. As displayed in the above graph, the Bitcoin NVT Golden Cross has recently registered a sharp uptick and entered into the region above the 2.2 mark (highlighted in red). This zone is where the cryptocurrency’s market cap has historically outpaced the transaction volume to a degree that a reversion to the mean has tended to occur. In other words, it’s where price corrections to the downside have taken place for the asset. Related Reading: Stablecoin Exchange Inflows Plummet $61 Billion—Warning Sign For Bitcoin? Though, it’s visible from the chart that not every top in the NVT Golden Cross inside this territory coincides with a price top. And in many instances that it does, the decline in the asset isn’t to some major degree. So far since the signal has appeared, however, the asset has indeed been going down, a potential sign that the same reversion effect may be in play once more. It now remains to be seen whether downside will be limited, or if this will be one of those instances where the signal was followed by an extended drawdown. BTC Price At the time of writing, Bitcoin is floating around $103,700, down almost 5% in the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
BitcoinWorld Bitcoin Price Prediction: Massive Rally Potential After Correction The cryptocurrency market is always on the move, and recently, Bitcoin (BTC) saw a dip, sliding below the $104,000 mark. This movement occurred just ahead of a key decision from the U.S. Federal Reserve regarding interest rates, highlighting how traditional financial events can sometimes influence the digital asset space. But could this correction actually be setting the stage for something bigger? Many analysts are suggesting this recent price action might be a crucial setup for a significant Bitcoin rally . Decoding the Latest BTC Price Analysis Looking closely at the charts, BTC price analysis reveals that the dip found potential support right in the zone between $102,000 and $104,000. This area is significant for a couple of reasons: Historical Resistance Turned Support: This price range previously acted as a strong resistance level. When a resistance level is broken decisively, it often turns into a support level on subsequent pullbacks. The market seems to be testing this theory now. Compressing Bollinger Bands: Technical indicators like the Bollinger Bands are showing compression. This often signals a period of low volatility that precedes a significant price move. The tighter the bands, the more explosive the potential breakout can be. These technical signals, combined with the price holding within this key zone, suggest that a short-term bottom could be forming. This is a critical observation for anyone following Crypto market analysis . What Does This Mean for Bitcoin Price Prediction? Based on these technical observations and historical market behavior, analysts are painting an optimistic picture for the near future. The prevailing Bitcoin price prediction suggests that if the $102,000-$104,000 zone holds as support, Bitcoin could be poised for a substantial upward move. Past market cycles have shown instances where similar technical setups led to rallies in the range of 18% to 25%. Applying this historical pattern to the current levels, a rally of this magnitude from the $103,000 area could potentially push Bitcoin towards the $120,000 to $129,000 range. Is a $130,000 BTC Price Target Realistic by End of Q2? According to reports, including one by Cointelegraph, analysts are specifically eyeing a potential target of around $130,000. This target aligns with the upper end of the 18-25% rally projection and is being discussed as a possibility by the end of the second quarter (Q2). This timeframe suggests a potential move over the next six to eight weeks, potentially leading to new all-time highs. However, achieving this ambitious target hinges on one crucial condition: Bitcoin must maintain its position above a key support level. The level to watch closely is $98,300. A sustained break below this price point could invalidate the bullish outlook and suggest further downside is possible. Understanding Bitcoin Technical Analysis For those new to trading or investing, Bitcoin technical analysis involves studying charts and using statistical indicators to predict future price movements. The reference to Bollinger Bands is a prime example. These bands measure market volatility and can help identify potential price squeezes (like the current one) that often lead to significant breakouts. Understanding these technical tools is vital for interpreting the market’s signals. While no indicator is foolproof, using them in conjunction with historical data provides valuable insights into potential price trajectories and key levels to monitor. Key Takeaways for Investors Here are some actionable insights derived from the current market outlook: Monitor Key Support: The $102,000-$104,000 zone is the immediate area to watch for confirmation of a short-term bottom. The more critical level for the overall bullish thesis is $98,300. Potential Upside: A successful hold of support could pave the way for an 18-25% rally, potentially targeting $130,000. Timeframe: This potential rally is anticipated to unfold over the next 6-8 weeks, aiming for the end of Q2. Volatility Ahead: The compressing Bollinger Bands suggest increased volatility is likely coming soon, which could fuel the predicted rally or lead to a breakdown if support fails. Concluding Thoughts: Is the Stage Set for a Massive Bitcoin Rally? While the recent dip below $104,000 might have caused some concern, technical indicators and historical patterns are suggesting this correction could be a necessary step before a significant move higher. Analysts are pointing towards a potential 18-25% Bitcoin rally , which could see BTC challenging or surpassing previous all-time highs and potentially reaching $130,000 by the end of Q2. As always, the market remains dynamic, and maintaining position above key support levels, particularly $98,300, is paramount for this bullish scenario to play out. Investors should stay informed and watch these levels closely. To learn more about the latest Crypto market analysis trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Prediction: Massive Rally Potential After Correction first appeared on BitcoinWorld and is written by Editorial Team
The post SOL (Solana) ETF Dreams Are Hot, but This Layer 1’s AI Edge Could Redefine Altcoin Gains appeared first on Coinpedia Fintech News Solana’s recent ETF filings have sparked intense interest, yet a new contender is emerging with superior technology and unmatched growth potential. Kaanch Network, a Layer 1 blockchain, leverages artificial intelligence to redefine scalability, speed, and usability in decentralized systems. Investors seeking transformative altcoin opportunities are turning their attention to this innovative platform, drawn by its presale momentum and projected returns. Solana ETF Hype vs. Kaanch’s Breakthrough Solana, currently trading at $155.32, has seen a 7.14% decline over the past month. Despite this, the cryptocurrency market is abuzz with Solana ETF developments, with CoinShares recently joining the race, marking the eighth ETF application for the blockchain. These filings signal strong institutional interest, but Solana’s history of network outages and centralization concerns raises questions about its long-term reliability. In contrast, Kaanch Network offers a robust alternative, combining AI-driven efficiency with a developer-friendly ecosystem designed for mass adoption. Why Kaanch’s Leading Layer 1’s AI Stands Out Kaanch Network, now in stage 6 of its presale with tokens priced at $0.32, is projected to surge 159,000% to unprecedented heights following its BitMart listing at $30. Having raised over $2,241,876, the project reflects strong demand, with a capped supply of 58 million tokens. The next presale stage will see prices double to $0.64, creating urgency for investors. Audited by SpyWolf and VerifyLab, Kaanch ensures transparency and trust. Investors can purchase tokens using ETH or USDT, with live staking offering up to 30% APY during the presale. For those interested, visiting the Kaanch presale website is essential to secure tokens in this fast-moving opportunity. Unmatched Technical Superiority Kaanch’s Leading Layer 1’s AI delivers unparalleled performance, boasting 1.4 million transactions per second (TPS) and 0.8-second finality for instant trade execution and smart contract flows. With near-zero gas fees, it supports cost-effective decentralized applications, microtransactions, and payments. Supported by 3,600 decentralized nodes, Kaanch ensures secure, instant transactions for businesses and individuals. Its real-world asset tokenization capabilities further enhance its appeal, positioning it as a leader in enterprise-grade blockchain solutions. Community-Driven and Developer-Friendly Kaanch’s open governance model and user-friendly staking dashboard empower token holders, fostering a decentralized ecosystem. Its .knch domain-based identity system simplifies Web3 usability, addressing digital identity challenges. Designed for seamless integration with Ethereum, Solana, and Binance Smart Chain, Kaanch’s Leading Layer 1’s AI attracts developers seeking scalable, cost-effective platforms. This enterprise and developer-friendly approach drives innovation in regulated DeFi and digital identity applications, setting Kaanch apart from competitors. BitMart Listing: A Game-Changer The upcoming Bitmart listing of Kaanch’s KNCH token at $30 is poised to significantly boost its value and visibility. With a projected 159,000% surge, Kaanch offers unmatched growth potential compared to Solana’s ETF-driven recovery. Investors eager to capitalize on this opportunity should head to the Kaanch presale website to buy into the fast-moving presale before prices climb. Kaanch’s focus on AI-driven scalability and real-world applications positions it as a top Layer 1 blockchain for 2025. For more information about Kaanch Network ) visit the links below: Website: https://presale.kaanch.com/ Whitepaper: https://docs.kaanch.network/ Twitter/X: https://x.com/KaanchNetwork Telegram: https://t.me/kaanchnetwork Win 1M: https://presale.kaanch.com/win-1-million How to buy : https://presale.kaanch.com/how-to-buy
Sentiment, support, and buying pressure align as ADA battles to defend a critical zone.
UK inflation held steady at 3.4% in May, matching economist forecasts, based on figures published Wednesday by the Office for National Statistics. The number was identical to the revised estimate for April, which had originally been reported as 3.5% before the ONS admitted there was a miscalculation due to vehicle tax data. The mistake in April’s figure came from incorrect data tied to car taxation. The ONS later said the true figure for April should have been 3.4% as well. But even after identifying the error, the ONS decided not to revise the published number because their policy avoids editing past inflation releases. For May’s inflation print, they used the corrected vehicle tax data. So the official May consumer price index reflects that fix. ONS flags transport as main factor behind monthly change Core inflation, which leaves out food, alcohol, tobacco, and energy, fell from 3.8% in April to 3.5% in May. The ONS said transport costs made the biggest downward impact on the overall inflation rate. But it wasn’t a clean drop—food, furniture, and household goods kept inflation under pressure. Richard Heys, acting chief economist at the ONS, explained it like this: “A variety of counteracting price movements meant inflation was little changed in May.” Richard also said airfare prices fell compared to the same time last year, mainly because Easter and school holidays landed in different weeks. He added that motor fuel costs also dropped in May, pushing down overall prices in the transport sector. The British pound ticked up 0.22% against the US dollar, reaching $1.345 after the inflation figures came out. Investors appeared unmoved, seeing no real surprise in the numbers. Speaking after the data release, UK Finance Minister Rachel Reeves responded by saying, “The Treasury has taken the necessary choices to stabilise the public finances and get inflation under control.” But Rachel also admitted, “there’s more to do.” Bank of England holds back, looks ahead to August rate decision The inflation data landed right before the Bank of England’s next monetary policy meeting scheduled for Thursday. With inflation still running well above the 2% target, the central bank is expected to leave interest rates unchanged at 4.25%. Analysts believe the bank will delay its next rate cut until August, assuming no further surprises come from energy markets or economic data. Back in early 2025, the Bank had forecast inflation to climb to 3.7% in Q3 before finally cooling next year. But things have changed since then. Fresh conflict between Israel and Iran has brought oil prices back into the inflation debate. The risk now is that those prices keep rising and push UK inflation higher than originally expected. Rob Wood, chief UK economist at Pantheon Macroeconomics, said inflation could average 3.4% this year, but he expects it to rise slightly and peak at 3.6% in September. Rob said the current print doesn’t include the full effect of the latest spike in oil prices, which came after tensions escalated in the Middle East. “We are yet to fully factor in higher oil prices following events in the Middle East — we use a 15-day average of prices to smooth volatility — but would need to raise the inflation peak to 3.7% if oil and natural gas prices are sustained at their current levels. We would bump up the peak to 3.8% if oil prices reach $80 a barrel and natural gas prices match those rises proportionately,” Rob said. Crude oil futures jumped over 4% on Tuesday after President Donald Trump told Iran’s Supreme Leader Ayatollah Ali Khamenei to agree to what he called an “unconditional surrender.” That headline alone pushed global oil markets into a frenzy and added more weight to the inflation outlook for the next quarter. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
In the dynamic world of digital assets, the question “Why is Bitcoin the best cryptocurrency?” continues to resonate in 2025. While thousands of altcoins have emerged, each promising innovation, Bitcoin (BTC) steadfastly maintains its position as the king of crypto. This updated guide explores the fundamental reasons why Bitcoin is widely considered not only a … Continue reading "Why Is Bitcoin The Best Cryptocurrency To Invest In?" The post Why Is Bitcoin The Best Cryptocurrency To Invest In? appeared first on Cryptoknowmics-Crypto News and Media Platform .